Max Keiser: ‘Bitcoin Is Peer-to-Peer Gold… Fight Me’

In their latest report, Max Keiser and wife Stacy Herbert kick off by discussing a recent note by JPMorgan to its clients. One of the most corrupt institutions of our time proclaims that cryptocurrencies would only have value in a ‘dystopian economy’ in which investors had ‘lost all confidence in all major reserve assets.’ Max, naturally, fights back.

Bitcoin Was Born Out of Dystopia

The statement from the bank partially responsible for the 2008 financial crisis fails to pick up on the irony.

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After all, Bitcoin was born out of a dystopia caused by large banks like JPMorgan that then had to be bailed out with taxpayer money. Keiser says:

The value of Bitcoin today reflects the level of ‘dystopianism’ that we are currently experiencing… JPMorgan and other banks are rogue banks that are committing massive fraud and they’ve got the central banks on behalf of us, the taxpayers, to print lots of fiat money to bail them out even though it means that the overall wellbeing of society is being destroyed.

According to Keiser, JPMorgan is the first beneficiary of the fraud. He says that Jamie Dimon’s net worth crossed over $1 billion “by nickel and diming people to death.”

We already know how highly Keiser holdsJPMorgan and Jamie Dimonin his esteem.

“Always have at least 90% of your port in Bitcoin. Anything less and you’re undermining Bitcoin’s ability to defeat fiat. Leave alts to dickheads like Jamie Dimon,” he toldBitcoinist last December.

The Yellow Vests in France

Keiser then made a reference to the Yellow Vest protests in France. Despite the image circulating the web of one protester wearing a sign saying “Buy Bitcoin,” they may not be about the cryptocurrency at all.

However, the protests do reflect deep-seated social unrest caused by rising inflation. And the fact that it’s the same old story on repeat. The rich get richer and the poor get poorer.

It’s not a phenomenon limited to France, or even developing countries in Latin America or Asia, either. According to the Federal Reserve, in the United States, younger Americans have earned less over the last 30 years. The older ones, on the other hand, earn more.